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(Construction.IndustryNews247.Com, December 20, 2018 ) The global laminated label market was valued at USD 75.56 Billion in 2015 and is projected to reach USD 94.49 Billion by 2020, at a CAGR of 4.57% from 2015 to 2020. On the basis of compositon, facestock accounted for the largest market share among all compositions for laminated labels. Digital prinitng accounted for the largest share in terms of both volume and value.
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Asia-Pacific region is projected to be largest & fastest-growing laminated label market during forecast period, followed Europe, from 2015 to 2020. In Asia-Pacific, China is largest consumer for laminated labels, followed by Japan. China with rising pharmaceuticals, food & beverage, and consumer durables will drive laminated labels market. Japan with growing inclination toward convenient products will impact laminated labels market in Asia-Pacific region.
Based on printing technology, the market has been segmented as follows:
• Digital printintg
• Flexographic printing
• Gavure printing
• Screen printing
• Lithography printing
• Offset printing
• Letterpress printing
Laminated label Market ecosystem comprises companies such as 3M Company (U.S.), Avery Denison Corporation (U.S.), Coveris Holdings S.A. (U.S.), CCL Industries Inc. (Canada), Constantia Flexible Group GMBH (Austria), and RR Donnelley & Sons Company (U.S.). The other players in the market are FLEXcon Company, Inc. (U.S.), Bemis Company, Inc. (U.S.), Stickythings Limited (U.K.), and Torraspapel Adestor (Spain). These provide solutions to end users to cater to their unique business requirements and needs.
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Factors like increasing demand from fresh food & beverage packaging industry, demand for pharmaceutical supplies, consumer durables, and logistics application, increasing consumer awareness, and growth of e-commerce industry have propelled growth of global laminated label market. With increasing demand for convenience & quality food products, people are opting for packaged food products, where the product information and other details such as nutritional information and manufactured & expiry dates are printed.
Printing technology, the market has been segmented as follows:
• Digital printintg
• Flexographic printing
• Gavure printing
• Screen printing
• Lithography printing
• Offset printing
• Letterpress printing
More Information on this study “Laminated Labels Market by Composition (Facestock, adhesive, release liner), Printing ink (water-based, solvent-based, holt melt-based, UV curable), Printing technology (Digital, Flexographic, Lithography), Form (Reels, Sheets) - Forecast to 2020” research report can be requested at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=511443 .
Food & beverage segment is projected to be largest laminated label market in next five years. Demand from food & beverage sector will experience a higher growth rate, mainly because of growing demand for packaged and branded products, and consumer awareness toward authenticity and other details of product. Consumer durable industry has also posed a huge demand for laminated labels.
This report will help the market leaders/new entrants in this market in the following ways:
• This report segments laminated label market comprehensively and provides closest approximation of revenue numbers for overall market & sub segments across different verticals and regions.
• This report will help stakeholders to understand market and provide them information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to better understand their competitors and gain more insights into their position in business.
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